Australia-based monetary comparability web site Mozo has agreed to be acquired by British Media firm Future PLC.
Future anticipates the acquisition will gasoline its world progress by creating a brand new income stream, including a brand new monetary companies content material arm in Australia, and rising Mozo’s market share.
Based in 2008, Mozo is a B2C website that helps customers examine presents on dwelling loans, bank cards, and private loans, in addition to examine banking and insurance coverage merchandise. In whole, the corporate compares greater than 1,800 merchandise from over 200 banking, insurance coverage, and power suppliers.
Monzo can be identified for its private finance sources. The corporate presents monetary calculators and creates content material to assist information readers by means of monetary selections and construct their consciousness of the finance world.
“We’re delighted to be including Mozo to the Future household,” mentioned Future CEO Zillah Byng-Thorne. “We’re seeing the rising convergence of content material and worth comparability and this acquisition helps our world progress ambition on this space.”
Mozo has raised $1.4 million (£1 million) by way of one spherical of funding. The corporate’s workforce of 45 staff works out of Sydney, Australia.